Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1707)

2018-10-29 Banking

1707.

This bank will inject Rs 40,000 crore in November through open market operation (OMO).

RBI

SBI

HDFC

ICICI Bank

Answer: Option

Explanation:

The Reserve Bank of India has announced that it will inject Rs 40,000 crore into the system in November through the purchase of government securities as it looks to meet festive season demand for funds. The central bank had already injected Rs 36,000 crore into the system in October through open market operation (OMO).